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Author Question: Given the following inventory activity, what is ending inventory using the perpetual average costing ... (Read 67 times)

rayancarla1

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on: Feb 18, 2020
Given the following inventory activity, what is ending inventory using the perpetual average costing method? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)

Date​QuantityUnit Cost
Beginning Balance​100​$4.00​
September 17Purchase60​$4.50​
September 24Sale15​​
September 29Purchases20​$6​

◦ 100 units @ $4.00 and 45 units @ $4.50 and 20 units @ $6
◦ 85 units @ $4.00 and 60 units @ $4.50 and 20 units @ $6
◦ 145 units @ $4.19 and 20 units @ $6
◦ 165 units @ $4.41
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by rayancarla1 on Feb 18, 2020

ricroger

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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rayancarla1

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Reply 2 on: Feb 18, 2020
Thanks for the timely response, appreciate it

aliotak

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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